Itron, Inc. $ITRI Shares Purchased by REAP Financial Group LLC

REAP Financial Group LLC boosted its stake in Itron, Inc. (NASDAQ:ITRI) by 168.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 424 shares of the scientific and technical instruments company’s stock after acquiring an additional 266 shares during the period. REAP Financial Group LLC’s holdings in Itron were worth $56,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ITRI. Louisiana State Employees Retirement System boosted its holdings in Itron by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the scientific and technical instruments company’s stock valued at $2,804,000 after purchasing an additional 100 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Itron by 0.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,795 shares of the scientific and technical instruments company’s stock worth $1,759,000 after acquiring an additional 121 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Itron by 3.7% during the 1st quarter. Evergreen Capital Management LLC now owns 3,586 shares of the scientific and technical instruments company’s stock worth $376,000 after acquiring an additional 127 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Itron by 2.0% during the 1st quarter. HighTower Advisors LLC now owns 7,501 shares of the scientific and technical instruments company’s stock worth $786,000 after acquiring an additional 146 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Itron by 7.3% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,345 shares of the scientific and technical instruments company’s stock worth $246,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 547 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $68,544.57. Following the transaction, the senior vice president owned 19,604 shares of the company’s stock, valued at $2,456,577.24. This represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Joan S. Hooper sold 970 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $121,550.70. Following the transaction, the chief financial officer directly owned 88,394 shares in the company, valued at approximately $11,076,652.14. This represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,037 shares of company stock worth $380,566. Company insiders own 1.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ITRI shares. Guggenheim reissued a “buy” rating and set a $155.00 price target (up previously from $133.00) on shares of Itron in a research note on Monday, July 14th. Wall Street Zen raised Itron from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. TD Cowen boosted their price target on Itron from $139.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, June 20th. Roth Capital boosted their price target on Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Itron in a research note on Wednesday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.10.

Itron Price Performance

ITRI stock opened at $127.52 on Thursday. Itron, Inc. has a 1 year low of $90.11 and a 1 year high of $140.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04. The stock’s 50 day moving average price is $123.40 and its 200 day moving average price is $119.55. The firm has a market cap of $5.83 billion, a P/E ratio of 21.80, a PEG ratio of 0.69 and a beta of 1.48.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. Itron had a return on equity of 19.69% and a net margin of 11.05%.The firm had revenue of $606.76 million for the quarter, compared to analyst estimates of $610.36 million. During the same quarter in the prior year, the company earned $1.21 EPS. Itron’s revenue was down .4% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. On average, sell-side analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.